___________________
Things just keep getting more and more peachy around here. On Friday, as I revealed yesterday, I threw caution to the wind and grabbed a whole lot of miner and double ETF picks that I had a feeling would make a strong move this week. Today I was rewarded for that Erroll Flynn-ish type of move not only by a strong move in the precious metal sector, but also a bonus Eagle loss to a team they should never lose to if they believe themselves contenders this year (sorry Bears fans).
Especially not at home.
That puts my Giants three games ahead of the “Dream Team” Beagles, albeit with three tough games still ahead of them (and one in the rear view mirror in Gilette Stadium -heh!). There’s more than serendipity at work here, methinks…
Could it be the Turkey Gods are blessing us all in advance? It’s quite possible, especially when you look at the evidence available in the $HUI — an index which up to now has been quite vexatious to those of us who trade “the original coin.”
But look what the weekly is telling us now… not only are we breaking out over old levels, but it looks like this time we’ve ample time left in the run. Check out these stochastics on the $HUI weekly —
That’s right, we’re near the famed “$610 Maginot Line,” again, and with adequate momentum to take those levels out with aplomb. And we all know that breakouts beget breakouts, don’t we?
So grab your favorite gold miner or royalty financier (RGLD!) or even multi-varied ETF (GDX, SIL, GDXJ), because I think there’s more fun to come.
I may even grab some NUGT tomorrow if I can squeeze some time out of my fire extinguishing duties.
No rest for the weary Gentlemen (and Ladies). I will see you all around the coyne shoppes.
Best to you all.
Comments »